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Nov 8, 2012
11/12
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today she and others urged a solution to the so-called fiscal cliff, the automatic federal budget cuts that are set to kick in at the end of the year. >> the largest job loss is california, 220,000 jobs, 130,000 are related to defense. so if there is a hatchet used, california is the state most hurt. >> dianne feinstein said leaders of congress along with the president should look for a compromise to avoid cuts. >>> coming up, the promises republican leaders are making about the next 4 years under a democratic president. >>> police made a second arrest in the vandalism case. he was taken into custody this morning. he is facing charges relating to the destruction of a muni bus at market and third street on october 29. that cost muni a million dollars. police say they are still looking for two more suspects. >>> a jury today convicted a man of shooting and killing his ex-girlfriend and her friend near the richmond-san rafael bridge toll plaza. nathan burris admitted he committed the murders in august of 2009. he killed the toll taker and her friend as he sat in his truck. the penalty pha
today she and others urged a solution to the so-called fiscal cliff, the automatic federal budget cuts that are set to kick in at the end of the year. >> the largest job loss is california, 220,000 jobs, 130,000 are related to defense. so if there is a hatchet used, california is the state most hurt. >> dianne feinstein said leaders of congress along with the president should look for a compromise to avoid cuts. >>> coming up, the promises republican leaders are making...
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Nov 9, 2012
11/12
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. >> on january 1st, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases. >> reporter: so what exactly is the fiscal cliff? it's night mare combination of tax hikes and spending cuts the president agreed to to force themselves into a compromise. so far, they haven't agreed on anything. so barring a last-minute fix at the stroke of midnight on new year's eve, the bush tax cuts expeer. the alternative minimum tax kicks in. more than half of all married couples with two children would owe an additional $4,000 in taxes each year. those with three or more children, that jumps to $4700. on top of that, the 2011 temporary payroll tax cut would expire, so add on a 2% tax increase for most workers. then there would be automatic spending cuts in 1,000 government program, including defense, medicare, extended unemployment benefits. everything but veteran's benefits, social security, and federal pensions. economists say that combination would act as a break on the economy, throwing it back into recession and could cause a market crash. >> that was nbc's andr
. >> on january 1st, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases. >> reporter: so what exactly is the fiscal cliff? it's night mare combination of tax hikes and spending cuts the president agreed to to force themselves into a compromise. so far, they haven't agreed on anything. so barring a last-minute fix at the stroke of midnight on new year's eve, the bush tax cuts expeer. the alternative minimum tax kicks in. more than half of all...
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Dec 19, 2012
12/12
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WUSA
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it's the fiscal cliff, the term we use to describe a group of federal cuts and spending cuts due to take effect in early 2013. these measures are expected to slash the federal deficit by $503 billion between 2012 and 2013. >> you can learn more at any time at wusa9.com and on 9 news. this has been a 9 news fiscal cliff note. >> folks planning next month's inauguration parade for president obama are out with a preliminary of groups that will be marching in that parade. that list includes the marching band from d.c.'s loan ballew senior high and the military institute. parade organizers say they will fill out that list of marchers in the days to come. >>> the inauguration is one month away now which means, ladies, never too late to start thinking about how are you going to wear your hair at all those fancy balls. >> reporter: i'm kristin fisher in georgetown where hillary clinton's hairstylist is creating this year's hottest styles for the inaugural balls. >> what we decide to do is make the updo more young and sassy and elegant but sexy. i think a lot of people are afraid to get an updo.
it's the fiscal cliff, the term we use to describe a group of federal cuts and spending cuts due to take effect in early 2013. these measures are expected to slash the federal deficit by $503 billion between 2012 and 2013. >> you can learn more at any time at wusa9.com and on 9 news. this has been a 9 news fiscal cliff note. >> folks planning next month's inauguration parade for president obama are out with a preliminary of groups that will be marching in that parade. that list...
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Nov 9, 2012
11/12
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KNTV
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. >> on january 21st, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases. >> reporter: so what exactly is the fiscal cliff? it's a nightmare combination of tax hikes and spending cuts that congress and the president agreed to to force themselves into a compromise, but so far they haven't agreed on anything. so barring a last-minute fix at the stroke of midnight on new year's eve the bush tax cuts expire, the alternative minimum tax kicks in, more than half of all married couples with two children would owe and additional $4,000 in taxes a year. for those with three or more children that jumps to $4700. on top of that, the 2011 temporary payroll tax cut would expire. so add on a 2% tax increase for most workers. then there would be automatic spending cuts in 1,000 government programs, including defense, medicare, extended unemployment benefits. everything but veterans benefits, social security, and federal pensions. economists say that combination would act as a brake on the economy throwing it back into recession and could cause a market crash. >
. >> on january 21st, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases. >> reporter: so what exactly is the fiscal cliff? it's a nightmare combination of tax hikes and spending cuts that congress and the president agreed to to force themselves into a compromise, but so far they haven't agreed on anything. so barring a last-minute fix at the stroke of midnight on new year's eve the bush tax cuts expire, the alternative minimum tax kicks in,...
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Dec 20, 2012
12/12
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to vote tomorrow on the republican plan-b to avoid the fiscal cliff. house speaker john boehner thinks the house will okay the package, trying to turn the heat up on president obama to steer clear of automatic tax hikes and government spending cuts due to take affect in 12 days. still, as darren gersh reports, there are some signs the two sides are narrowing their differences. >> reporter: house republicans say they're still working on plan a: a big agreement with the president to cut spending and raise revenues, but they were pushing plan b today-- a tax hike for those making more than a million dollars. >> tomorrow the house will pass legislation to make permanent tax relief for nearly every american. 99.81% of the american people. then the president will have a decision to make. he can call on the senate democrats to pass that bill or he can be responsible for the largest tax increase in american history. >> reporter: hours before the speaker issued his challenge, the president said the two sides were not that far apart. just a few more steps the pr
to vote tomorrow on the republican plan-b to avoid the fiscal cliff. house speaker john boehner thinks the house will okay the package, trying to turn the heat up on president obama to steer clear of automatic tax hikes and government spending cuts due to take affect in 12 days. still, as darren gersh reports, there are some signs the two sides are narrowing their differences. >> reporter: house republicans say they're still working on plan a: a big agreement with the president to cut...
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Dec 18, 2012
12/12
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WUSA
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and the tax hikes known as the fiscal cliff. and today house speaker john boehner started working on what he's calling plan b. just in case there's no deal in the next 14 s days. but the senate majority leader harry reid says there's just no way that extension of the current tax rates will pass both houses of congress. the white house says the president's move toward a compromise with the speaker offering to raise taxes on taxpayers earning more than $400,000 a year. that's instead of the $250,000 threshold he had campaigned on. >>> the fiscal cliff negotiations were very much on the minds of a few thousand people who gathered today right next to the capitol as matt jablow tells us their voices were loud and their message was clear. >> reporter: in the shadow of the nation's capitol. >> amen. >> reporter: where talks couldn'ted today to to avow -- continue today to try to avoid the so-called fiscal cliff. >> now is not the time for congress to turn its backs on us. >> reporter: several thousand people came together at the upper
and the tax hikes known as the fiscal cliff. and today house speaker john boehner started working on what he's calling plan b. just in case there's no deal in the next 14 s days. but the senate majority leader harry reid says there's just no way that extension of the current tax rates will pass both houses of congress. the white house says the president's move toward a compromise with the speaker offering to raise taxes on taxpayers earning more than $400,000 a year. that's instead of the...
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Dec 7, 2012
12/12
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CURRENT
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the fiscal cliff is bad, but not irretrievable. you can go into january and still put the pieces back together. as you know, defaulting on the debt is irretrievable thing. that's the economic equivalent of a nuclear weapon. that is a big dynamite compared to the fiscal cliff crew having said that, as they get to the year end, i think they'll say we'll vote to extend middle class tax cuts. our leverage is greater because it's the nuclear bomb so they can increase their leverage as they move toward a vote. we may end up into january early february negotiating again about a debt ceilingle. >> that would be very hazardous. an economic nuclear deterrent is only effective if you're ready to set it off. i'm not saying there aren't tea party republicans that would be willing to tank the economy on this, but i think republicans really hand if they think they're going to get a lot of leverage out of this debt ceiling. they may think that. but people remember that episode more than a year ago and it really backfired. it backfired. so you'd ha
the fiscal cliff is bad, but not irretrievable. you can go into january and still put the pieces back together. as you know, defaulting on the debt is irretrievable thing. that's the economic equivalent of a nuclear weapon. that is a big dynamite compared to the fiscal cliff crew having said that, as they get to the year end, i think they'll say we'll vote to extend middle class tax cuts. our leverage is greater because it's the nuclear bomb so they can increase their leverage as they move...
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Nov 30, 2012
11/12
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and the domestic spending cuts. fiscal cliff is not cutting spending. it's about preventing a tax increase that preventing spending cuts. now the republican arguement is more complicated. to use the deadline, legitimate argument. i agree with it in principle. use the deadline to get the longer range spending cuts. the president can say fine, i want to negotiate those next year. can't do it in three weeks. incidentally, speaker boehner what medicare cuts are you for, he will say? if the republican position, the republicans campaigned against $716 million in medicare cuts from the current program. republicans for medicare reform. not for squeezing the current program. they will say i want to give the middle class, make sure the middle class tax rate stay where they are. i don't want the republicans to squeeze medicare more than we did, have done in the past. i'm worried. that the president has an awful lot of leverage. >> bret: but you have the democrats, juan, like mike pryor of arkansas who told politico this -- "as you know people around here like the
and the domestic spending cuts. fiscal cliff is not cutting spending. it's about preventing a tax increase that preventing spending cuts. now the republican arguement is more complicated. to use the deadline, legitimate argument. i agree with it in principle. use the deadline to get the longer range spending cuts. the president can say fine, i want to negotiate those next year. can't do it in three weeks. incidentally, speaker boehner what medicare cuts are you for, he will say? if the...
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Dec 18, 2012
12/12
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we are on a fiscal cliff. yes, we have to do something. we need some losses, that is the way negotiations go and we don't have a great hand to play. the president doesn't have a full hand to play we have to have some given some take. gerri: you keep describing them as tax cuts, that is not how most experience it, they will have no changes how they will experience it so i'm not sure the american people will see this as a great tax cutting gift at christmas. >> it is the bush-era tax cuts which cause caused the economy to pick up, it increased it in a way that we all wanted to. creating jobs in the vibrant economy. now we're in a doldrums and it is continuincontinuin g the bush tax cuts exactly what we need right now. gerri: anything to be concerned about in terms of the details? the issue is not just the fiscal cliff but also the alternative minimum tax. there is the estate tax. >> the alternative minimum tax is very important because it will kick in in the lower 30,000. and we have got to fix that. estate tax, affecting small business and
we are on a fiscal cliff. yes, we have to do something. we need some losses, that is the way negotiations go and we don't have a great hand to play. the president doesn't have a full hand to play we have to have some given some take. gerri: you keep describing them as tax cuts, that is not how most experience it, they will have no changes how they will experience it so i'm not sure the american people will see this as a great tax cutting gift at christmas. >> it is the bush-era tax cuts...
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Dec 6, 2012
12/12
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WUSA
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-- off that fiscal cliff. after all, we will go over the cliff and there will be cuts which should gland the hearts of republicans and -- gladden the hearts of republicans and then we will have more revenue which will grand the hearts of democrats. we -- gladden the hearts of dems. we will very likely go back -- democrats. we will very likely go back and elect the same group of people to do the same bad job and then this. the football player from kansas city who killed the mother of his child and then himself, he said bob costas was wrong when he argued that cassandra perkins would still be alive if belcher doesn't have a gun. what next? control on cars? they are used in more homicide than guns. we need to amp up our education on certain freedoms and liberties and put larger penalties on those who abuse them, but nick, that is the point. we don't ban cars because they're potentially dangerous, but there are significant controls on their use and ownership. they're registered, licensed and you have to have train
-- off that fiscal cliff. after all, we will go over the cliff and there will be cuts which should gland the hearts of republicans and -- gladden the hearts of republicans and then we will have more revenue which will grand the hearts of democrats. we -- gladden the hearts of dems. we will very likely go back -- democrats. we will very likely go back and elect the same group of people to do the same bad job and then this. the football player from kansas city who killed the mother of his child...
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Dec 18, 2012
12/12
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cliff cuts. programs that provide mental health screenings, case management and funding for medication could be on the line. advocates say the massacre in connecticut shows why the services are crucial. >> that shows up all over the community, not only in schools but also in hospital emergency departments, homeless shelters, in the criminal justice systems. >>> professional hockey returns to san jose tonight and many shark sporters are happy, but why it is the san francisco bulls skating skating skating to the rescue of die hard fans. look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me. [ m
cliff cuts. programs that provide mental health screenings, case management and funding for medication could be on the line. advocates say the massacre in connecticut shows why the services are crucial. >> that shows up all over the community, not only in schools but also in hospital emergency departments, homeless shelters, in the criminal justice systems. >>> professional hockey returns to san jose tonight and many shark sporters are happy, but why it is the san francisco bulls...
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Dec 27, 2012
12/12
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timtime to take down the verbal warfare and cut a deal sparing the fallout of the fiscal cliff. gerri: can we get anything with any meaning before the end of the year? >> not get your hopes up on a big deal on the debt. not too many tax increases, some will be in there. avoiding the sequester, the spending cuts, that is the best thing that could happen at this point and i'm pretty optimistic person, i get up every morning thinking good things will happen but this is causing me to drink every night so i did not know if i will get there or not. gerri: you glass half-full kind of guy. i hope your champagne glasses more than half full on new year's. have a good one. while the chances of lawmakers reaching a deal seemed to be slim to none, you'll be glad to know some state lawmakers will% be warned though much more productive. here are some of our favorites. let's start with illinois. starting in 2013 and new law gives motorcyclists be okay to run red lights. leave it or not. after complaints from cyclist who say light sensors don't see the cycles. and the okay for computer-driven ca
timtime to take down the verbal warfare and cut a deal sparing the fallout of the fiscal cliff. gerri: can we get anything with any meaning before the end of the year? >> not get your hopes up on a big deal on the debt. not too many tax increases, some will be in there. avoiding the sequester, the spending cuts, that is the best thing that could happen at this point and i'm pretty optimistic person, i get up every morning thinking good things will happen but this is causing me to drink...
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Jun 8, 2012
06/12
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bernanke did warn congress about the looming fiscal cliff of automatic spending cuts and those expiring bush tax cuts. >> the potential expiration of the so-called bush tax cuts of 2001-2003 tax cuts is the single biggest item in the fiscal cliff. i'm not necessarily saying that the right thing to do is to extend those cuts. it could be there are other steps you could take that would have a similar impact. but, that is the single biggest component of the so-called cliff. >> taking an early look at the markets as we get all up in your business. cnbc's karen tso is live in london for us. karen, good morning. >> good morning, willie. you take a look at the market reaction to some of the disappointment about qe-3 the markets are up 2% to 3% at the start of the week. markets are getting ahead of themselves hoping for stimulus from the fed. ben bernanke didn't exactly say he's not going to stimulate again but he dampened some of the expectations around timing. if you look at the market reaction to this, because as some of the earlier commentary from the fed minutes this week suggested there m
bernanke did warn congress about the looming fiscal cliff of automatic spending cuts and those expiring bush tax cuts. >> the potential expiration of the so-called bush tax cuts of 2001-2003 tax cuts is the single biggest item in the fiscal cliff. i'm not necessarily saying that the right thing to do is to extend those cuts. it could be there are other steps you could take that would have a similar impact. but, that is the single biggest component of the so-called cliff. >> taking...
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Nov 8, 2012
11/12
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WBAL
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. >> the focus in washington is back to congress to avoid the so-called fiscal cliff. spending cuts and tax increases will kick in. john boehner echoed the president's remarks about bipartisan cooperation. >> we stand ready to work with you to do what is best for our country. that is what i told the president earlier today. >> closing special interests loopholes and cuts to entitlement programs. that brings us to our water cooler question of the day. do you think a new spirit of bipartisanship corporation will allow congress to avoid the fiscal cliff? you can share your response at wbaltv.com and on our facebook page, or send us an e-mail to watercooler@wbaltv.com. >> despite the long voting lines, fewer marylanders voted this year compared to four years ago. if the unofficial member holds, the 2012 presidential election will have the lowest voter turnout in maryland of any presidential election since 1984 . >> maryland casinos took in just under $40 million. this came at the expense of the other casinos. down near 40% in the past year and ocean downs is down nearly 8%
. >> the focus in washington is back to congress to avoid the so-called fiscal cliff. spending cuts and tax increases will kick in. john boehner echoed the president's remarks about bipartisan cooperation. >> we stand ready to work with you to do what is best for our country. that is what i told the president earlier today. >> closing special interests loopholes and cuts to entitlement programs. that brings us to our water cooler question of the day. do you think a new spirit...
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Nov 7, 2012
11/12
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cliff. >> nobody wants to see this fiscal cliff without a deal, because the cuts are severe and the tax increases are severe. so we've got to find a path forward. >> that follows lofty promises, the president made at the celebration about how the best is yet to come. >> i am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together. reducing the deficit. reforming the tax code. fixing our immigration system. >> republicans say they heard it before. actually, at the last victory party in chicago. >> while the democratic party won a great victory tonight, we do so with a measure of humility. and determination to heal the divide. >> last night, the president also revealed he is planning a dramatic move to jumpstart the effort. >> ahead, i also look forward to sitting down with governor romney to talk about where we can work together to move the country forward. >> except for president elect obama did the same with republican john mccain. >> just going to have a good conversation about how we can do some work together. to
cliff. >> nobody wants to see this fiscal cliff without a deal, because the cuts are severe and the tax increases are severe. so we've got to find a path forward. >> that follows lofty promises, the president made at the celebration about how the best is yet to come. >> i am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together. reducing the deficit. reforming the tax code. fixing our immigration system....
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Oct 26, 2012
10/12
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CNBC
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and above all, we cannot go over the fiscal cliff. the cuts and tax reform must be thought out and effective. not blunt and damaging. but isn't the it interesting that it's business that is pressing congress to act? they say it is urgent to put a plan in place to cut america's debt load. in the here and know, the uncertainty about tax rates and government contracts is throwing a monkey wrench in their budget plans for 2013. in the long term, these leaders of business all know that a trillion dollar annual deficit piled on to an already unimaginable debt is simply not sustainable. this group reflect and responds to the economy. businesses create jobs but they will not commit to adding heads to the payroll in the face of so many questions out there. in fact, if congress fails to act and reach an agreement by year end, automatic spending cuts will go into effect. and taxes will rise for 90% of americans. in all income brackets, including corporations and investors who are watching and worrying about taxes on dividends. many expect it wil
and above all, we cannot go over the fiscal cliff. the cuts and tax reform must be thought out and effective. not blunt and damaging. but isn't the it interesting that it's business that is pressing congress to act? they say it is urgent to put a plan in place to cut america's debt load. in the here and know, the uncertainty about tax rates and government contracts is throwing a monkey wrench in their budget plans for 2013. in the long term, these leaders of business all know that a trillion...
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Dec 3, 2012
12/12
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it is a republican compromise solution to the impending fiscal cliff. spending cut and tax increases that both sides mean would mean recession. after what both sides called a frustrating weekend. today's development don't appear to break a log jam. not yet. ed henry begins our coverage. >> reporter: good evening. they are saying the plan is ridiculous, so much so they will not offer counterproposal to the g.o.p. counterproposal and say tonight unless speaker boehner gives in on raising taxes on the rich, the president is ready to go off the cliff. >> right now i'd say we are nowhere, period. nowhere. >> john boehner declaring a stalemate in an exclusive with fox, as republicans teed off on president obama first offer that included new spending plus 1.6 trillion in tax hikes. totally unacceptable. >> i think we are going over the cliff. it's clear to me they made political calculation. white house officials insisted disaster could be amended and demanded a counter offer on the table. >> what we hope for is specificity from the republicans. >> an hour lat
it is a republican compromise solution to the impending fiscal cliff. spending cut and tax increases that both sides mean would mean recession. after what both sides called a frustrating weekend. today's development don't appear to break a log jam. not yet. ed henry begins our coverage. >> reporter: good evening. they are saying the plan is ridiculous, so much so they will not offer counterproposal to the g.o.p. counterproposal and say tonight unless speaker boehner gives in on raising...
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Nov 30, 2012
11/12
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spending cuts at the end of the fiscal year. it has really shocked republicans this year on capitol hill. they say it calls for, for one thing, $1.6 trillion in new tax hikes over a decade. it is also stimulus spending and the spending cuts. both sides are necessary to reduce the deficit. those the president would largely tackle later perhaps next year. >> first despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. no substantive progress has been made in the talks between the white house and the house over the last two weeks. listen, this is not a game. jobs are on the line. the american economy is on the line and this is a moment for adult leadership. >> perhaps most su prirprising the white house proposal to get the president just about unlimited power to raise the nation's debt sealiceiling and w more and more money unless they reject. these will be tough negotiations ahead. we got a little sample of this yesterday from senate majority leader talki
spending cuts at the end of the fiscal year. it has really shocked republicans this year on capitol hill. they say it calls for, for one thing, $1.6 trillion in new tax hikes over a decade. it is also stimulus spending and the spending cuts. both sides are necessary to reduce the deficit. those the president would largely tackle later perhaps next year. >> first despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending...
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Nov 28, 2012
11/12
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suggesting he and lawmakers come up with spending cuts next year after they avoid the fiscal cliff, by extending middle class tax cuts and raising taxes on the rich. >> it would give us more time than next year to work together. on a comprehensive plan to bring down the deficit, streamline our tax system. do in a balanced way. >> the president apparent shift away from spending and tax altogether now in a big deal could increase the chances of a market rattling fall off the cliff. since the republicans want spending cuts included. >> republicans are willing to put revenue on the table. but it's time for the president and democrats to get serious about the spending problem that our country has. >> the president's move came one day after two other big developments, suggesting democrats want tax hikes on the rich now, with the promise of cuts to programs like medicare later. on tuesday, senator dick durbin flatly declared entitlement reform should not be on the table. yesterday, top white house officials also met with leading liberal groups, from labor unions to moveon.org. with one attend
suggesting he and lawmakers come up with spending cuts next year after they avoid the fiscal cliff, by extending middle class tax cuts and raising taxes on the rich. >> it would give us more time than next year to work together. on a comprehensive plan to bring down the deficit, streamline our tax system. do in a balanced way. >> the president apparent shift away from spending and tax altogether now in a big deal could increase the chances of a market rattling fall off the cliff....
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May 13, 2012
05/12
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CNBC
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will we approach a fiscal cliff? and what happens when the bush tax cuts expire at year end? >>> and then ethics in the workplace. is it okay to fib on your resume in one silicon valley ceo is learning the hard way. t the "wall street journal report" begins right now. >>> here's a look at what's making news as we head into a new week on wall street. a huge banking blunder by what's regarded as the safest banks in america. jpmorgan chase revealing this week it suffered a $2 billion trading log, the loss of what ceo jaime. dimon called a "flawed and sloppy derivatives trade." the unit had been expected to post a gain of $200 million. the bank's stock tumbled on the news late in the week. that helped push the markets down as trading began on friday. on thursday the dow had snapped its longest losing streak since last august. market is falling because of fresh worries out of europe. >>> encouraging economic news in the u.s. the price of oil is falling. partly due to slowing demand. gasoline prices are starting to decline as well. >>> we are at the end of earnings season. the dow
will we approach a fiscal cliff? and what happens when the bush tax cuts expire at year end? >>> and then ethics in the workplace. is it okay to fib on your resume in one silicon valley ceo is learning the hard way. t the "wall street journal report" begins right now. >>> here's a look at what's making news as we head into a new week on wall street. a huge banking blunder by what's regarded as the safest banks in america. jpmorgan chase revealing this week it...
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Dec 11, 2012
12/12
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what would you cut out to help avert the fiscal cliff? use the #cut this with your ideas "street signs" or at mandy cnbc. speaking of @mandycnbc, inglewood cliffs, i'm at our nation's capital. good to see you. >> good to see you and everybody. thanks for those that already tweeted in answers. look at this, we found someone really rising above. we say we rise above, others rise above but this is really rising above. her name is nancy. she is wearing as you can see there in her ears a rise above pin. hats off to her, maybe we can take a page out of nancy's book. in the meantime, this is what we've got coming up for you. a really big show on top. hopium in full swing. "street signs" things it can be done, tell you how to of moo your money. signs point to a housing recovery. if a deal does not get done, could housing be the biggest hit of all. herb, he's back and he's ready to deliver his bold prediction on jcpenney. what else? you do not want to miss it. we now know where the last twinkies on earth were delivered. we'll tell you. it's a big
what would you cut out to help avert the fiscal cliff? use the #cut this with your ideas "street signs" or at mandy cnbc. speaking of @mandycnbc, inglewood cliffs, i'm at our nation's capital. good to see you. >> good to see you and everybody. thanks for those that already tweeted in answers. look at this, we found someone really rising above. we say we rise above, others rise above but this is really rising above. her name is nancy. she is wearing as you can see there in her...
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short his hawaiian vacation to get back to fiscal cliff negotiations but given that he and democrats have put everything they can on the table and republicans still won't compromise what hope is there in striking a deal that doesn't leave the middle class high and dry and later the funerals for newtown connecticut victims may have finally ended but unfortunately funerals for gun victims in america never truly stop another story of a mass shooting and how the n.r.a. is more interested in saving profits than saving lives. and we did tonight with occupy wall street during the heyday of the occupy movement last year if you were lucky enough to walk through one of the encampments says i was frequently here at occupy d.c. good to see a community built as an example of what our nation should be striving for you would've seen hell. care provided for free no for profit health insurance leeches looking to squeeze as much money as they can out of the family caring for a sick child you also want to see education provided for free and healthy food provided for free and shelter provided for free s
short his hawaiian vacation to get back to fiscal cliff negotiations but given that he and democrats have put everything they can on the table and republicans still won't compromise what hope is there in striking a deal that doesn't leave the middle class high and dry and later the funerals for newtown connecticut victims may have finally ended but unfortunately funerals for gun victims in america never truly stop another story of a mass shooting and how the n.r.a. is more interested in saving...
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Nov 28, 2012
11/12
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CNBC
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over this fiscal cliff debate. nobody is cutting spending. everybody is talking about taxes. is the gop losing it's soul and principles? >> no one is being serious in it's debate. the fellow from adi is making sound statements. but he is whistling past the graveyard. there is no problem that the obama budget calls for spending giving us a deficit of $1 trillion per year as far as the eye can see. tax cuts didn't cause this. it is spending that caused this. you go to spending. you have the cpo itself is saying the only way to do this is getting obamacare out of there. what are the republicans starting to say? this will destroy the republican party because the party will have lost it soul. what else differentiates it from the party? >> here is the problem. the republicans have been saying for two years that this tax increase would destroy jobs and hope for a recovery. either they were lying then or if they were going along with it. they were lying now. which is it? >> this is interesting to me. why is the media working with the democrats on this very point about taxes. why is t
over this fiscal cliff debate. nobody is cutting spending. everybody is talking about taxes. is the gop losing it's soul and principles? >> no one is being serious in it's debate. the fellow from adi is making sound statements. but he is whistling past the graveyard. there is no problem that the obama budget calls for spending giving us a deficit of $1 trillion per year as far as the eye can see. tax cuts didn't cause this. it is spending that caused this. you go to spending. you have the...
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Nov 16, 2012
11/12
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WJLA
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. >> the calendar is showing it is just a few weeks until we fall off the so-called fiscal cliff. that is when extended unemployment benefits will expire, tax cuts will expire, and the automatic spending cuts will go into effect. today congressional leaders were promising they would meet the deadline. >> inside the white house republican house speaker john boehner and president obama sat side by side both insisting they want and will find macdill. >> our challenge is to make sure that we are able to cooperate, work together, find common ground, make some tough compromises, build some consensus to do the people's business. >> coming out of the meeting are rare image of bipartisan ship. >> we have the recognition that every person in america knows we would not reach agreement. >> we are prepared to put everything on the table provided we fixed the problem. however, we are in the dilemma we are in that because we tax too little, but because we spend too well. >> some say that as a key differences that could make the negotiations difficult. today, people are saying they would rather w
. >> the calendar is showing it is just a few weeks until we fall off the so-called fiscal cliff. that is when extended unemployment benefits will expire, tax cuts will expire, and the automatic spending cuts will go into effect. today congressional leaders were promising they would meet the deadline. >> inside the white house republican house speaker john boehner and president obama sat side by side both insisting they want and will find macdill. >> our challenge is to make...
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Nov 24, 2012
11/12
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FBC
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rich edson on unions trying to block spending cuts and the fiscal cliff deal while making sure the rich pay more. jeff flock with union back protests at wal-mart stores and diana on the dirty little secret those unions are not changing wal-mart workers. first to rich and some in washington, d.c.. how unions trying to persuade democrats to avoid spending cuts? >> with a significant lobbying effort on capitol hill and a new advertising campaign targeted at democratic and republican lawmakers in pennsylvania, virginia and missouri. the basic message is don't touch entitlements in the fiscal cliff tops we're having on capitol hill. honesty and one of the union says elected officials from both parties need to listen to the will of the voters d focus on rebuilding the middle class and strengthening our economy by investing in jobs, not cuts. as for the effectiveness of this campaign one conservative says this type of pressure from unions is nothing new. >> the fact that they are publicly sayin what they have been privately saying helps the american people understand wre obama's in trend and c
rich edson on unions trying to block spending cuts and the fiscal cliff deal while making sure the rich pay more. jeff flock with union back protests at wal-mart stores and diana on the dirty little secret those unions are not changing wal-mart workers. first to rich and some in washington, d.c.. how unions trying to persuade democrats to avoid spending cuts? >> with a significant lobbying effort on capitol hill and a new advertising campaign targeted at democratic and republican...
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Nov 7, 2012
11/12
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CNBC
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just weeks away from now looms the so-called fiscal cliff, a combination of automatic spending cuts and tax increases mandated by law. within months of the fiscal cliff, congress will be asked to raise the nation's debt ceiling. around the same time, legislation will be needed to keep the government running as a continuing resolution under which we're currently operating expires. amid all of these short-term hurdles, we face the greatest challenge of all. a massive debt that is smothering growth and exceeding the entire size of our economy. there will be many who will say that with the election over, we should confront the first of these challenges by simply letting the top two tax rates expire and pushing the sequester off to some other date. they'd have us engage in the same short-term temporary policies that have helped put us into this fix. in essence, they're saying, let's have more of the same. let's agree to drive our economy off part of the fiscal cliff instead of driving it off the whole fiscal cliff, and we'll call it a day. that might get us out of town, but it won't get us o
just weeks away from now looms the so-called fiscal cliff, a combination of automatic spending cuts and tax increases mandated by law. within months of the fiscal cliff, congress will be asked to raise the nation's debt ceiling. around the same time, legislation will be needed to keep the government running as a continuing resolution under which we're currently operating expires. amid all of these short-term hurdles, we face the greatest challenge of all. a massive debt that is smothering...
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Dec 10, 2012
12/12
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WJLA
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solution -- spending cuts combined with an increase in tax revenue. >> talks about the fiscal cliff and the meeting between president obama and john boehner -- >> the president is trying to do two things. he is trying to both reopen negotiations, direct negotiations between him and the house speaker, the deal be struck between them. at the same time he is going to michigan tomorrow, where he will make the same case to autoworkers, the same types of middle-class people who helped him get elected in the industrial midwest. >> democrats are seen to have the most leverage in negotiations. it seems the options for republicans are narrowing. >> president obama has said he will not make a deal without an increase in the tax rates on people who make more than $250,000, which is something that republicans refuse to do. they want -- do not want to raise tax rates on anyone. as senator corker of tennessee said -- president obama holds the cards. >> what do you think his opinion represents? is this just one senate republican, or does this show kind of a shift in attitude among republicans? >> it ce
solution -- spending cuts combined with an increase in tax revenue. >> talks about the fiscal cliff and the meeting between president obama and john boehner -- >> the president is trying to do two things. he is trying to both reopen negotiations, direct negotiations between him and the house speaker, the deal be struck between them. at the same time he is going to michigan tomorrow, where he will make the same case to autoworkers, the same types of middle-class people who helped him...
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Nov 9, 2012
11/12
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FOXNEWS
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if it goes below 13,000 in the three months fiscal cliff tax increases and spending cuts go into effect at the start of the year. it will send the economy back into recession and cause the unemployment rate to hit 9.1 percent by next fall. on the upside they expect the changes to cut the federal deficit by 503 billion by next september. but the economy will shrink by .5 percent next year. this comes as president obama and congress look for ways to avoid the fiscal cliff or cushion the blow. the new study estimatesir cuts which carry heavy weight politically could bost 330 billion by the end of the budget year. also boost gross domestic product 2.2 percent next year. several issues goes along the line. one thing the market hates is uncertainty. dropped wednesday and had another triple dig get last thursday. this is one we will be watching closely and this will have a direct impact on any one who lives and pays taxes in this country. we will keep you updated. >> fox business network, thanks. >>> hundreds of thousands of people are still recovering from the extreme storms that devastated t
if it goes below 13,000 in the three months fiscal cliff tax increases and spending cuts go into effect at the start of the year. it will send the economy back into recession and cause the unemployment rate to hit 9.1 percent by next fall. on the upside they expect the changes to cut the federal deficit by 503 billion by next september. but the economy will shrink by .5 percent next year. this comes as president obama and congress look for ways to avoid the fiscal cliff or cushion the blow. the...
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May 13, 2012
05/12
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WBAL
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will we approach a fiscal cliff? what happens when the bush tax cuts expire? >>> ethics in the workplace. is it okay to fib on your resume? one silicon valley ceo is learning the hard way. "the wall street journal report" is learning right now. >> this is america's number one financial news program. "the wall street journal report." now, maria bartiromo. >> here's a look at what's making news as we head into a new week on wall street. a huge banking blunder by what is regard is as one of the safest and best-managed banks in america. jpmorgan chase revealing it suffered a $2 billion trade loss the result what was ceo jamie diamond called "a flawed and sloppy derivatives trade" by the bank's chief investment office whose job it is to manage or hedge the bank's risk. the unit had been expected to post a gain of $200 million. the bank's stock stumbled on the news late in the week. that helped push the markets down as trading began on friday. on thursday the dow had snapped its six-day losing streak, its longest since august. the markets falling because of fresh wo
will we approach a fiscal cliff? what happens when the bush tax cuts expire? >>> ethics in the workplace. is it okay to fib on your resume? one silicon valley ceo is learning the hard way. "the wall street journal report" is learning right now. >> this is america's number one financial news program. "the wall street journal report." now, maria bartiromo. >> here's a look at what's making news as we head into a new week on wall street. a huge banking...
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Dec 9, 2012
12/12
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FOXNEWSW
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republicans will demand there whether it's part of the deal in the fiscal cliff or to raise the debt limit. >> i'm glad you brought that up. in terms of spending, which clearly has to be cut, the president from the reports this week wants to raise the debt ceiling without asking anybody. did they comment on that? >> what he's saying is give me the unilateral right to raise the debt ceiling, which congress had has had to approve, then congress can disapprove with a two-thirds vote. that would mean i could increase it when he wants. it's very unlikely that -- almost impossible, republicans in congress would go along seeding there kind of authority with the president. they might agree to increase the debt limit for enough money to take him through the end of the term. but they're not just going to give him or future presidents the authority to increase the debt limit. that's part of the power congress has. >> we hope to see them working hard at this, time getting close to the end of the year. >> 23 days and counting. >> keep the stopwatch going. happy sunday. >> you bet, thank you. >> d
republicans will demand there whether it's part of the deal in the fiscal cliff or to raise the debt limit. >> i'm glad you brought that up. in terms of spending, which clearly has to be cut, the president from the reports this week wants to raise the debt ceiling without asking anybody. did they comment on that? >> what he's saying is give me the unilateral right to raise the debt ceiling, which congress had has had to approve, then congress can disapprove with a two-thirds vote....
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Dec 22, 2012
12/12
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CSPAN
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the house has already passed bills addressing the fiscal cliff. we passed a bill replacing the president's sequestered with irresponsible spending cuts. we did that last may. we passed a bill to stop all the tax hikes on the american people scheduled to take effect january 1, and we did that august 1. and we proposed plans over and over again that democrats used to support but now will not. i do not want taxes to go up, republican do not want texas to go up. but we only when the house. democrats continued to run washington. what the president has proposed so far simply will not do anything to solve our spending problems. he wants more spending and more tax hikes that will hurt our economy. and he simply will not deal honestly with entitlement reform and the big issues facing our country. we need significant spending cuts and real tax reform to address our long-term debt problem and pave the way for long-term growth and real growth in jobs in our country. we will continue to work with colleagues in the house and senate on a plan that protect famili
the house has already passed bills addressing the fiscal cliff. we passed a bill replacing the president's sequestered with irresponsible spending cuts. we did that last may. we passed a bill to stop all the tax hikes on the american people scheduled to take effect january 1, and we did that august 1. and we proposed plans over and over again that democrats used to support but now will not. i do not want taxes to go up, republican do not want texas to go up. but we only when the house....
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Dec 8, 2012
12/12
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CSPAN
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the fiscal cliff would affect 27 million american families. there are other parts of this. when you hear about the fiscal cliff, it is not really the tax rate. i do not buy that at all. i do not think we need to increase these tax rates. >> if you go over and the tax rates go up on everyone and all that goes away -- >> i do not think we should do it. i think we should resolve this. it depends on if we do something about it in the next month or two after that. if we do something in 30 days or 90 days and we are clear about that, but nothing people believe we are going to do something until we do it. >> the to go to the broader concern. does the top rate have to end the 39.6% the way it was under bill clinton? could be democrats accept something between if it was coupled with a reduction in the ability on the top 2% to except a reduction of deductions? >> i do not want to second-guess what we might decide. i do not think that is what we should debate the right now. multimillionaires and what deductions they can take is something different. this is where we are. >> that is in
the fiscal cliff would affect 27 million american families. there are other parts of this. when you hear about the fiscal cliff, it is not really the tax rate. i do not buy that at all. i do not think we need to increase these tax rates. >> if you go over and the tax rates go up on everyone and all that goes away -- >> i do not think we should do it. i think we should resolve this. it depends on if we do something about it in the next month or two after that. if we do something in...
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Dec 10, 2012
12/12
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WUSA
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danielle nottingham, cbs news, washington. >>> the official fiscal cliff deadline is december 31. but many on capitol hill say that an agreement is needed before the end of this week so congress has enough time to vote. >>> well, the supreme court issued a ruling today in the case of a federal worker alleging sex and age discrimination. it is the case of carolyn clubner, a former labor department worker who was fired in 200056789 the high court -- 2005. the high court ruled she could take her case to federal district court. initially she was told she could not do that. but now the supreme court has reversed that decision. >>> a northern virginia lawmaker has become the first black person to chair the state democratic party. the state party's ruling central committee unanimously selected delegate charniele harring for the post. she's serving a third term in the statehouse representing alexandria. brian moran decided not to seek another term after last month's election. >>> d.c. investigators say they know who shot and killed a woman getting on a metro bus over the weekend. and they
danielle nottingham, cbs news, washington. >>> the official fiscal cliff deadline is december 31. but many on capitol hill say that an agreement is needed before the end of this week so congress has enough time to vote. >>> well, the supreme court issued a ruling today in the case of a federal worker alleging sex and age discrimination. it is the case of carolyn clubner, a former labor department worker who was fired in 200056789 the high court -- 2005. the high court ruled...
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Dec 1, 2012
12/12
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CSPAN
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later, nancy pelosi addresses the fiscal cliff and middle- class tax cuts. president obama talked about the so-called fiscal cliff and his proposal to end of the bush tax cuts on those earning more than two and a $50,000. ed -- more than $250,000. ["hail to the chief" plays] please have a seat. have a seat. relax for a second. it is good to see all of you. hello. it is good to be back in pennsylvania. it is good to be right here. i want to thank michael, robert, and the investor, joel glickman for hosting me today and giving me a great tour. stand up so everybody can see you, guys. [cheers and applause] there you go. we have a couple of outstanding members of congress here. [cheers and applause] now, i just finished getting a tour of the workshop. i have to say it makes me wish that joel invented this stuff sooner when i was a kid. back then, you couldn't build a roller coaster out of your erector set. i got a chance to meet some of the folks who have been working around the clock to keep up with the christmas rush. that is a good thing. these guys are santa
later, nancy pelosi addresses the fiscal cliff and middle- class tax cuts. president obama talked about the so-called fiscal cliff and his proposal to end of the bush tax cuts on those earning more than two and a $50,000. ed -- more than $250,000. ["hail to the chief" plays] please have a seat. have a seat. relax for a second. it is good to see all of you. hello. it is good to be back in pennsylvania. it is good to be right here. i want to thank michael, robert, and the investor, joel...
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Nov 15, 2012
11/12
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CNBC
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i mean, do we need to go over the fiscal cliff with the four spending cuts and tax hikes to get things moving? >> there are leaders in both parties who think it would be to their advantage to go off the fiscal cliff. what a wonderful trait that is. we can win more as democrats if we let it go over. we can win more as republicans. this whole game is about win or lose. it's not about america. it's about how do we make the dems lose and how do we make the republicans lose. people are sick of that, and they're ashamed to have and disgusted. they show that time after time. i can tell you, you can't believe what we've dug up. when you get a vote from dick durbin of illinois and a vote from tom coburn of oklahoma, you get five democrats, five republicans, one independent, 60% of this group that vote for this, you know you're on the right track. >> maria, if we go over this fiscal cliff and don't get a deal immediately, what's the economic effects next year? you know, we've talked about some of the qualitative effects. quantitatively, you know, economic growth will be reduced by about 3%. we'r
i mean, do we need to go over the fiscal cliff with the four spending cuts and tax hikes to get things moving? >> there are leaders in both parties who think it would be to their advantage to go off the fiscal cliff. what a wonderful trait that is. we can win more as democrats if we let it go over. we can win more as republicans. this whole game is about win or lose. it's not about america. it's about how do we make the dems lose and how do we make the republicans lose. people are sick of...